Overview

• Filosa’s appointment was unanimously approved by the board, granting him CEO powers from June 23 and triggering an extraordinary shareholder meeting to elect him as an executive director.
• He has spent 25 years at Stellantis, leading Jeep as brand CEO, serving as chief operating officer for the Americas and global chief quality officer.
• Following a 70% drop in net profit in 2024, Stellantis reported a 14% revenue decline in the first quarter of 2025 and withdrew its full-year guidance as it managed high inventory levels.
• U.S. President Trump’s 25% auto tariffs have added cost pressures, prompting Stellantis to pause production at North American plants and negotiate higher local content with suppliers.
• Filosa faces a review of the company’s 14-brand portfolio, efforts to regain U.S. market share and an acceleration of its electric and hybrid vehicle transition.